Singapore fintech company IPID has completed a $16 million Series A financing

Singapore fintech company IPID announced the completion of a $16 million Series A financing round, led by Foundation Capital, with participation from Citigroup, HSBC, and existing investors QED Investors, Monk's Hill Ventures, and Quona Capital.

The new funds will be used to enhance its global payment intelligence network and expand the construction of payment rails in the United States, stablecoins, and the digital asset market.